Reading Time: 2 minutes The air transport industry in 2017 was definitely a ride to remember: travel bans, laptop bans, a handful of bankruptcies, all at the backdrop of unprecedented financial results for airlines. In this end-of-year post, I’d like to go back to several events that made history. This list does not intend to be complete or objective, […]
Reading Time: 2 minutes The year 2016 seemed to be a year of never-ending aviation incidents. From an Egyptair flight being “forcibly diverted” to Cyprus by a man wanting to impress his girlfriend, to then-Vice Presidential Candidate Mike Pence’s chartered Eastern Airlines 737-700 overrunning the runway at LaGuardia, the accidents and incidents seemed to pile up. The good news, […]
Reading Time: 3 minutes At first glance, aviation industry in Eastern Europe may seem quite miniscule, however over the past few years this sector in the region experienced a significant growth spurt with some companies from countries like Lithuania now competing with industry giants. Just in a few years, recently founded Lithuanian company AviationCV.com providing aviation personnel recruitment solutions […]
Reading Time: 2 minutes The Board of Directors of Airbus SE has decided on a series of Executive changes that ensure an orderly succession in the Executive leadership of Airbus. Tom Enders has advised the Board that he does not wish to seek another term as Chief Executive Officer (CEO) beyond his current mandate which runs until the 2019 […]
Reading Time: < 1 minute Yakutia’s Association of Local Aviation suggests using the US Cessna planes for serving the regional routes. According to the association’s co-chair and Yakutia’s lawmaker Viktor Fedorov, by using those planes the republic could cut the fares by half. “The association is asking the local authorities to have a competition among private organizations for subsidies to […]
Reading Time: 2 minutes Boeing dominated November’s new order tally, booking 159 commercial aircraft by six customers, valued at approximately $21 billion at list prices. Boeing’s November sales included major orders by Ireland-based subsidiaries of two Chinese aircraft leasing companies. CDB Aviation, a wholly owned Dublin-based subsidiary of China Developmental Bank Financial Leasing Co. (CDB Leasing), firmed an order […]
Reading Time: 6 minutes The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include: A slight decline in the operating margin to 8.1% (down from 8.3% […]
Reading Time: 3 minutes Hundreds of flights have been canceled and Bali international airport was shut down due to Volcano eruption in Bali. So far over 400 flights were cancelled stranding 59 000 travelers since the Bali’s Ngurah Rai airport – also known as Denpasar International airport – closure on Monday because of falling volcanic ash. After reviewing the […]
Reading Time: 2 minutes Despite instability in the region, fluctuating oil prices and unpredictable politics, the Gulf region is still one of the most attractive destinations for aviation specialists. With the recent news of laptop bans, visa restrictions, a slowdown of the oil industry in the Middle East it may seem that the aviation industry in this region is […]
Reading Time: 3 minutes Being shocked by a number of bankruptcies, for around 7 years the global aviation industry had been subject to diminished enthusiasm from investors. However, since 2016, record-low aviation fuel prices have led to more green on the airlines’ balance sheets, growing cash flows in the market and an increasingly positive outlook on the future of […]